7:00 - 9:59 - It is very important to prepare an accurate monthly spreadsheet of your income and outgoings- your current and future cash flow based on anticipated changes

9:59 -13:30 - There are numerous benefits to you and your former partner using similar approaches, similar forms and working together, if possible, to save duplication of time

13:30 - 15:29 - Don’t panic. The financial forms do not have to be perfect for the first mediation session

15:30 - 15:44 - Listen to and work with the financial expert you are paying to help you!

15:45 - 17:28 - Ultimately, the financial information you collect must be enough to enable you, your former partner, the mediator and financial neutral to explore a full range of financial options for the future

6:00 - 6:59 - Don’t forget to ask the pension scheme how long it will take to provide the pension information so that everyone can plan their work and set expectations.

7:00 - 9:29 - Let’s look at tax. There may be very important time sensitive tax implications and issues to take into account when considering your financial options, which you may need help with to understand. This could save your £1000’s.

9:30 - 10:29 - Trust your mediator and financial expert to know what they are doing and empower them to be able to help you and your former partner obtain all the financial information needed for you to explore your financial options in mediation.

1:30 - 15:44 - Listen to and work with the financial expert you are paying to help you!

10:30 - 11:09 - Let’s look at why it makes sense to use a financial neutral in the next video.

....It is normal for people to play to their strengths. For example, one person might have been responsible for making the bigger financial decisions in the family whilst the other person might have been in charge of the day to day running of the household expenditure.

5:00 - 5:59 - As well are be able to rely on each other, making the most of each other’s strengths, it is important for both of the separating couple to trust the financial neutral, allowing the financial neutral to work with them individually as well as together, in preparation for making joint Financial decisions, in mediation.

6:00 - 7:14 - A financial neutral is specifically trained and has specific facilitative skills enabling them to work effectively with each person separately, as well as together, in and outside the mediation process.

7:15 - 8:14 - Some mediators also work in this way in and outside mediation, enabling and empowering each person to communicate and work with each other more effectively throughout the mediation process.

8:15 - 9:59 - The financial neutral also has an important role acting as a conduit between those involved in mediation and financial experts who might already have established relationships with the couple, such as the family financial adviser or accountant.

10:00 - 10:59 - There is a need to keep an open, flexible and creative approach to which financial professionals need to be involved (if any), when, in what role and how, with the central purpose of helping the separating couple to reach decisions together for themselves in mediation in the most efficient, cost effective way.

11:00 - 14:30 - There are quite a few people who simply cannot afford specialist financial professional support. For these people, there are some very good additional and alternative sources of information on website and their own personal support network.
Website might include:
Money advice service
Advicenow
Compass Support Resources